In the 19^th Century, the Belief Was That Production Created

question 107

Multiple Choice

In the 19^th century, the belief was that production created its own demand.By the early 20^th century, American companies began to produce more goods than their regular buyers could consume.At the same time, competition became more significant.The usual solution was to hire more salespeople to find new buyers.This describes the __________ era.

• A)societal marketing concept
• B)production
• C)sales
• D)marketing concept
• E)market orientation

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Definitions:

Aboriginal Peoples

A term referring to the first inhabitants of regions such as Australia, Canada, and other parts of the world, acknowledging their unique cultures, languages, and spiritual beliefs.

Institutional Racism

A form of racism that is embedded in the laws and regulations of a society or organization, leading to discrimination against certain racial or ethnic groups.

Scapegoating

The practice of unfairly blaming an individual or group for problems or negative outcomes, often to deflect attention or responsibility from the true causes.

Prejudice

A preconceived opinion or judgment about an individual or group without sufficient knowledge, factual basis, or experience, often leading to discrimination.